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We believe that high-quality homes in affordable neighborhoods will increase the likelihood of success for our residents. Certain factors are outlined that may prevent us from purchasing a home, despite being listed on our website. Properties that do not meet our basic criteria are filtered out from search results.
We have provided the information below to help prospective residents and their agents determine if a home is eligible for the Lease Purchase Program. Please note that this is not a comprehensive list and criteria is subject to change. Homes listed on our website may be ineligible for the Program, and we reserve the right to reject any property for reasons other than those listed here.
All prospective residents must view the inside of the home in person before we will make an offer to purchase. Virtual showings or having someone view the property in place of a prospective resident are not acceptable alternatives to seeing the home in person.
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Homes must be located in HOAs that allow leasing without requirements for background/credit checks or interviews.
We can provide HOAs with basic resident information, such as name, phone number, email, vehicle information and pet information. This allows us to rent to approved households, regardless of HOA requirements.
When submitting an HOA property for our consideration, the following HOA documents will be reviewed as part of our due diligence:
The documents listed here convey valuable information regarding our ability to acquire and lease the home. We must receive these as soon as possible following execution of the purchase contract, and in no event after the expiration of the due diligence/inspection period. Failure to provide these HOA documents to us in a timely manner will likely result in termination of the transaction.
Many county or municipal governments require a rental license inspection prior to move-in. Please note that homes in these areas may delay move-in dates for 30 days or more after the closing date. Please check with the county and municipality in which the property is located to confirm their rental license requirements.